How to check scrutiny risk in Tax Audit Report? The due date of Income Tax Audit is 30th September, 2019 and all the taxpayers are busy finalizing their Income Tax Report. So, what the taxpayer should do in order to avoid scrutiny risk?
Category Archives: Income Tax
Income Tax is the tax which directly levy on income of any personal.Central Board of Direct tax manage all the things related Direct Tax.
Life Insurance can provide Tax Benefits to you! Often, people opt into life insurance because of reasons that have to do with tax planning and saving. The importance of life insurance is not lost on anyone who has a family or dependents. Life insurance provides an essential financial shield for the family in the unfortunate […]
Benefits of Housing Loan for Joint Owner Section 24(b) of Income Tax Act, 1961 (amended) Conditions for claiming Interest on Home Loan
Need to know about TAN What is TAN Number? TAN number is a specific number allotted for Deduction/ Collection of TDS and payment of same into Govt A/c by a person, who is making payment in relation to a business purpose/ transaction. The TAN No provides a unique Identification to Tax Deductor / Collector and […]
Assessees receive notices for missing Advance Tax payments Income tax authorities have turned the heat on taxpayers who have missed paying Advance Tax as the department makes a year-end dash to meet budget targets. The authorities have started issuing show-cause notices asking assessees to explain why any advance tax installment was missed.